Every organization compensates its employees in exchange for their time and labor. It is critical that organizations can not only track compensation, but ensure that employees are properly compensated based on their performance. PeopleSoft Compensation 9.2 makes it easy to track and interpret compensation data through Pivot Grids. The pivot grids can help administrators and management interpret an employee’s current compensation and compensation history.
HCM 9.2 delivers a number of out-of-the-box pivot grids linked to compensation through the PeopleSoft eCompensation Manager Desktop. The delivered Compensation pivot grids include the following:
· Compensation Peer Analysis
Managers can compare compensation level for their direct reports by department, job level and position.
Managers can compare compensation level for their direct reports by department, job level and position.
· Compensation Distribution
View the range of employee salary distribution—minimum, maximum and midpoint range.
View the range of employee salary distribution—minimum, maximum and midpoint range.
· Compensation by Performance
Average salary increase by increase in performance rating.
Average salary increase by increase in performance rating.
· Variable Compensation by Performance
Total cash-type variable compensation by increase in performance rating.
Total cash-type variable compensation by increase in performance rating.
· Cycle Guideline Alert
Number of approved compensation changes that are inside/outside of the recommended salary increases.
Number of approved compensation changes that are inside/outside of the recommended salary increases.
· Cycle Tracking
See the status of open proposals in open compensation cycles.
See the status of open proposals in open compensation cycles.
It is easy to create new pivot grids leveraging the data within PeopleSoft. You can ask for your how-to guide on pivot grids by clicking here.
Pivot Grid's basis is PS Queries, which displays the gathered data into easy-to-use grids and charts. There are delivered pivot grids in Compensation, which can be configured based on specific needs.
You can also watch other pivot grids delivered in HCM 9.2 in the video below:
https://www.youtube.com/watch?v=UlloVD3NixE&index=11&list=PLF7C41402A8BA9D1A
https://www.youtube.com/watch?v=UlloVD3NixE&index=11&list=PLF7C41402A8BA9D1A
In addition to Compensation pivot grids, the Compensation History page is improved in 9.2. The Compensation History page in 9.2 is modernized for an enhanced user experience. Users can review compensation history and can review details of any compensation changes, filtering by all job positions held and reviewing the data in a chart by selecting the chart icon.
One defining enhancement in 9.2 is eCompensation on cycle job changes. Up until PeopleSoft 9.1, PeopleSoft did not support any job changes in an open cycle. Now, transactions can be completed at any time without blackout periods. Now, 9.2 sends managers notifications when an employee has a job change during an open cycle.
Another enhancement to the eCompensation pages in HCM 9.2 is an enhanced ad hoc salary change process. Approvers can change the salary for a single employee or a group of employees. The salary change process is simplified and intuitive, completing the transaction in a matter of clicks.
HCM 9.2 makes compensation easy and streamlined. Save your organization time and money as you are able to track and interpret compensation and employee performance.
